TD Bank and Navy Federal Credit Union offer home equity loans with APRs lower than the national average of 89.99%. TD Bank's loan terms range from five to 30 years with a minimum amount of $10,000, while Navy Federal Credit Union allows borrowers to tap up to 100% of their home's equity after current debt is deducted. Both lenders require a high credit score to qualify, and Navy Federal Credit Union also has eligibility requirements as members must be active members of the armed forces, a veteran, an employee of the Department of Defense or a family member of someone in one of those categories.
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